However, despite the price rise for steers and heifers, the cow base price has remained unchanged, with R grade cows making 330-340c/kg, P grades 310-320c/kg and the dairy type P grade cows making 300-310c/kg.

Cattle prices:

Steers: 390-395c/kg

Heifers: 400-405c/kg

R grade cows: 330-340c/kg

P grade cows: 310-320c/kg

O grade cows: 300-310c/kg

There has also been some movement in the young bull price, with factories willing to pay 390-395c/kg for U grade bulls which meet the desired weight and age specs.

Base quotes for R and O grade young bulls have also jumped by 5c/kg, with processors now offered 380-385c/kg and 370-370c/kg respectively for suitable lots under 16 months of age.